Answer the following question based on the graph below, which is for Blue Smooth Yoga Mats Ltd. one of 50 small firms operating in the industry.
This question has been answered
Question

Answer the following question based on the graph below, which is for Blue Smooth Yoga Mats Ltd. one of 50 small firms operating in the industry.

Graph_1.JPG

A) What is the profit-maximizing output?

Output:


B) What price will the firm charge?

Price: $


C) How much excess capacity exists at the output in (A)?

Excess capacity:


D) Is Blue Smooth making economic profits?

YES OR NO?


E) Is the current situation long-run equilibrium?

YES OR NO

Image transcriptions

Answer the following question based on the graph below, which is for Blue Smooth Yoga Mats Ltd. one of 50 small firms operating in the industry. 6) 90 AC IIEEI 75 ' MC 60 45 ' Price, costs 30 15 m 0 K} 50 100150 200 250 300 350 400 450 500 Quantity per period

Answered by Expert Tutors

nec facilisis.

gue

gue

iscing el

ctum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet
Step-by-step explanation

i

at, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odi

gue

l

fficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel

gue

o

Fusce dui lectus, congue vel lao

sque dapi

gue

gue

o

sum

amet, consecteicitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce

gue

gue

i

f

llentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor si

The student who asked this found it Helpful
Overall rating 100%

"Thank you so much"

Get unstuck

363,286 students got unstuck by Course
Hero in the last week

step by step solutions

Our Expert Tutors provide step by step solutions to help you excel in your courses